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City bids on Abram Federal Building

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By Matt Sepic, KWMU

St. Louis, MO. – St. Louis Mayor Francis Slay Tuesday made a formal offer for the Abram Federal Building downtown.

City officials and developers have long sought the building. They want to convert at least some of it into a parking garage.

They say that's essential for any plan to re-open the Kiel Opera House nearby.

Jeff Rainford, the Mayor's Chief of Staff, says the city offered $7.5 million. But not all of that is cash.

"Approximately $2.7 million of that will come from a 99-year lease that we're going to give the federal government on two parking lots," Rainford said. "And in addition the GSA agreed to credit $1 million in rent toward the purchase price."

If the feds accept the offer, it still needs Congressional approval.

Homeless advocate Larry Rice had sought the building for use as a shelter. But the government denied his request.

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